Singapore is set to invest over S$300 million (US$223 million) to revitalize its tourism sector, aiming to enhance its appeal and competitiveness on the global stage. Announced by Minister of State for Trade and Industry Alvin Tan, this significant financial boost is intended to drive the sector’s ongoing recovery from the pandemic’s impacts.
Strategic Development
The funds will be allocated towards the creation of novel attractions and experiences, as well as the rejuvenation of existing tourism assets. Additionally, a focus will be placed on upskilling industry professionals to ensure the workforce is equipped to meet evolving demands.
Supporting Recovery
The tourism industry, one of the hardest hit by COVID-19, has previously benefited from financial support aimed at facilitating recovery. This latest initiative underscores Singapore’s commitment to maintaining its position as a leading destination in the face of increasing global competition.
Also learn about Singapore’s Tourism Sector Witnesses Remarkable Growth in 2023.
